An order to buy or sell at the prevailing price is called a
A)limit order.
B)market order.
C)margined order.
D)good-til-cancelled order.

Question

Quizplus · Accepted Answer

A market order is an order to buy or sell at the prevailing price. A limit order, on the other hand, sets a specific price at which the buy or sell should be executed, and a margined order refers to buying or selling on margin. Good-til-cancelled orders remain valid until the trader cancels the order or it is executed. A market order is an instruction to buy or sell a stock or other financial instrument at the prevailing market price. It is the most common type of order and is executed immediately at the best available price.

An Order to Buy or Sell at the Prevailing Price